Here is a Little-Known Method That is Helping Business Owners Save Hundreds of Thousands in Taxes. Are You One of Them?

By David Lukas If you are a business owner, partner, or independent healthcare professional, you’ve probably felt the sting at tax time. There are many business structures under which you can organize. The two most common are a Limited Liability Company and an S-Corp. Both of these entities are “flow-through” concerning taxation, meaning that all … (Read more)

The Four Letter Word That Will Derail Your Retirement And How To Fix It

David Walker. Does that name ring a bell? David Walker served as the comptroller general of the federal government. What does that mean? It means he was the head of the government accountability office. He was the equivalent of the CPA of the United States. He did it for ten years under Bush and Clinton.  … (Read more)

How Do You Treat Your Tax Tumor? Three Steps That Could Save You Thousands…

Taxes

(Originally Published in The Healthcare Journal of Little Rock, by David Lukas) We’ve all heard the adage, Nothing can be certain in this world except death and taxes. This statement is certainly apropos when it comes to taxes concerning your retirement savings. Most people who plan for retirement take advantage of government-approved “Tax Savings Plans,” or … (Read more)

4 Social Security Mistakes That Could Cost You a Small Fortune.

Maximizing Social Security is an integral part of a reliable retirement income game plan, yet higher than 90% of claimants do not maximize their benefits. There are over 2,728 rules in the Social Security Administration’s handbook and thousands of more regulations about those rules in the Program Operating Manual System. It is no wonder there … (Read more)

There Is No One-Sized Fits All Financial Products

The other day I caught a popular Financial Radio Show host say that anyone who buys whole life insurance is getting ripped off and is being taken by a scam artist. This radio personality often claims that anyone that sells these products are “scum of the earn”. This is a pretty bold statement for someone … (Read more)

Who’s Supporting You In Retirement?

Who’s Supporting You In Retirement? Part 1… Not that long ago, we could count on the support our employers provided in retirement. With Social Security’s future uncertain and the ever-growing decline of pension plans (Defined Contribution Plans), the rise and the popularity of defined contribution plans (Primarily 401k’s) who should you be putting your faith … (Read more)

Dealing With The Tax-Tumor Buried In Your 401k

In relation to retirement, never before has the old adage, “you can’t get something for nothing,” been more poignant than when referring to the seemingly “too good to be true” perks of the 401k. Since the early 1980s, the government has sold Americans on why relinquishing control over their money and taking huge risks in … (Read more)